University of Colorado to Stop Ineligible Insurance Payments

May 14 2010, 8:50 AM
Health care centers in Colorado are struggling, and their public funding has been reduced. Fortunately, the Colorado Health Foundation has stepped up to grant $17.8 million to help 15 centers around the state, according to the Denver Business Journal. That's one thing to keep in mind as the University of Colorado figures out its bureaucratic glitches. It's not clear how much money the university has squandered over the years, but about six percent of the dependents covered by CU's health and dental insurance plans are ineligible for benefits, according to 9News. Now, with two months' advanced notice, these dependents are going to have to scramble to prove they are eligible or else find insurance elsewhere, as the cash-starved university cuts the free riders in an effort to save more than $2 million a year of its $100 million coverage costs. "Our consultant has indicated that a dependent uses about $2,000 to $4,000 a year in health care services," says Jill Pollock, senior associate vice president and chief human resources officer.